Cash deposit in saving account

vinayak (accountant) (255 Points)

02 November 2019  

I am salaried individual below taxable income. One of my friend deposited 90000 cash in my saving account in F.Y. 2019-20 (lumsum deposit in a single day )and i have purchased online software for him for the said amount, invoice is in my name. Will i have to show this cash deposit in my ITR return? Does i have to pay any tax on this transaction!